Public Choice Interpretations of American Economic History

Business & Finance, Economics, Nonfiction, Social & Cultural Studies, Political Science
Cover of the book Public Choice Interpretations of American Economic History by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples, Springer US
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples ISBN: 9781461545736
Publisher: Springer US Publication: December 6, 2012
Imprint: Springer Language: English
Author: Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
ISBN: 9781461545736
Publisher: Springer US
Publication: December 6, 2012
Imprint: Springer
Language: English

Jac C. Heckelman, John C. Moorhouse and Robert Whaples The eight chapters of this volume are revised versions of papers originally presented at the "Applications of Public Choice Theory to Economic History" conference held at Wake Forest University, April 9-10, 1999. They all apply the tools of public choice theory to the types of questions which economic historians have traditionally addressed. By adding the insights of public choice economics to the traditional tools used to understand economic actors and institutions, the authors are able to provide fresh insights about many important issues of American history. 1. DEVELOPMENTS IN PUBLIC CHOICE THEORY Economists have historically sought to develop policies to improve social welfare by correcting perceived market failures due to monopoly power, externalities, and other departures from the textbook case of the purely competitive model. An underlying assumption is that the public sector, upon recognizing the market failure, will act to correct it. Applied work often develops the conditions under which these policies will be optimal. The public choice movement has questioned the false dichotomy established by welfare economists. Economists of all persuasions assume traditional private market actors, such as entrepreneurs, managers, and consumers, are self-interested rational maximizers. Why should this not hold for all economic agents? The innovation of public choice analysis is to show what happens when public sector actors, such as politicians, bureaucrats, and voters, also behave as rational self-interested maximizers.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Jac C. Heckelman, John C. Moorhouse and Robert Whaples The eight chapters of this volume are revised versions of papers originally presented at the "Applications of Public Choice Theory to Economic History" conference held at Wake Forest University, April 9-10, 1999. They all apply the tools of public choice theory to the types of questions which economic historians have traditionally addressed. By adding the insights of public choice economics to the traditional tools used to understand economic actors and institutions, the authors are able to provide fresh insights about many important issues of American history. 1. DEVELOPMENTS IN PUBLIC CHOICE THEORY Economists have historically sought to develop policies to improve social welfare by correcting perceived market failures due to monopoly power, externalities, and other departures from the textbook case of the purely competitive model. An underlying assumption is that the public sector, upon recognizing the market failure, will act to correct it. Applied work often develops the conditions under which these policies will be optimal. The public choice movement has questioned the false dichotomy established by welfare economists. Economists of all persuasions assume traditional private market actors, such as entrepreneurs, managers, and consumers, are self-interested rational maximizers. Why should this not hold for all economic agents? The innovation of public choice analysis is to show what happens when public sector actors, such as politicians, bureaucrats, and voters, also behave as rational self-interested maximizers.

More books from Springer US

Cover of the book Adaptive Techniques for Dynamic Processor Optimization by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book Hormonal Correlates of Behavior by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book Low Power Networks-on-Chip by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book Ischemic Preconditioning: The Concept of Endogenous Cardioprotection by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book Mechanisms Underlying Host-Microbiome Interactions in Pathophysiology of Human Diseases by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book Optimization and Control of Bilinear Systems by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book Biorelated Polymers by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book Pricing and Regulatory Innovations Under Increasing Competition by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book Poor Eaters by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book MAP and TOP by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book Apple IIc and IIe Assembly Language by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book Design for Manufacturing and Assembly by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book Basic, Clinical, and Surgical Nephrology by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book Computing Techniques for Robots by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
Cover of the book Feeding the Brain by Jac. C. Heckelman, John C. Moorhouse, Robert M. Whaples
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy